$2,998,000 - 416 Patricia Avenue, Downtown Toronto
Single Family Home for Sale in Downtown Toronto
- MLS Number
- C12753658
- Property Type
- Single Family Home
- Status
- active
- Days on Market
- 1
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 sqft
- City
- Downtown Toronto
This elegant and sun-filled home sits on a 50-ft frontage lot, showcasing tall ceilings and oversized windows that flood the space with natural light. Featuring 4 spacious bedrooms, each with its own ensuite, plus a nanny's room in the basement, and 6 luxurious bathrooms in total, this home offers the perfect layout for modern family living.A heated foyer with a soaring 14-ft ceiling leads to a beautifully designed office accented with white oak paneling. The open-concept living and dining area features tray ceilings, a striking onyx gas fireplace, and custom wall paneling, creating a refined yet warm atmosphere.The gourmet eat-in kitchen boasts high-end built-in appliances, a large center island, and elegant quartz countertops and backsplash, ideal for both cooking and entertaining.The primary suite is a true retreat, complete with a spa-like 7-piece ensuite and a spacious walk-in closet. The bright, tall basement is a standout feature, with large above-grade windows, an expansive recreation room, second kitchen with onyx slab countertops, a nannysroom with its own 4-piece bath, and a walk-up to the beautifully landscaped backyard.Additional highlights include 2 furnaces, 2 A/C units, and 2 laundry rooms, offering ultimate comfort and convenience. This thoughtfully designed home combines luxury finishes with a functional layout, making it the ideal choice for sophisticated living.
Discover Toronto C07
Toronto C07 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Toronto C07
- •Convenient location in Toronto C07
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Toronto C07 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
416 Patricia Avenue, Toronto C07
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Fair Market Value
At $857/sqft, this property is priced in line with current Toronto C07 market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Toronto C07's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Toronto C07.
Bathroom Count Matters
With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Toronto C07 properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $12,492 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.